FTX in Africa: between aggressive marketing and invisible promises

FTX promises – When the twists and turns of the FTX affair cheerfully feed the legal chronicles of the crypto and financial press, we discover that the platform has sought to attract new users until the last moment. While all eyes have turned to the United States and Europe after the bankruptcy, it appears that … Read more

$415 million in FTX accounts were stolen

18 – January – 2023 FTX Exchange The case of the bankruptcy of the FTX platform, the third largest cryptocurrency exchange in the world in terms of volume, is still causing widespread controversy. US media said on Wednesday that $415 million worth of cryptocurrency has been hacked and stolen from cryptocurrency exchange FTX accounts, representing … Read more

Bitcoin Hits New High After FTX Crash And Analytics Warn It’s A “Choreographed” Move

Bitcoin (BTC) hit new two-month highs overnight on January 19, as suspicions about the validity of the market gained strength. BTC/USD 1-day candlestick chart. Source: TradingView Concern over BTC liquidity “exploit” Data of Cointelegraph Markets Pro y TradingView They followed the BTC/USD pair as it consolidated above $21,000 after hitting $21,455 on Bitstamp. That marked … Read more

Bankrupt Crypto Dealer Claims ‘Worked’ by Binance

Jakarta, CNBC Indonesia – Sam Bankman-Fried, founder of FTX, denies allegations that he stole billions of dollars in user funds. He then admitted to being ‘tricked’ by Binance CEO Changpeng “CZ” Zhao, who had been trying for months to bring down FTX. This is Bankman-Fried’s first significant response to federal allegations that he conducted an … Read more

Cryptocurrency FTX has recovered more than $5 billion in assets

Monica Miller BBC News January 12, 2023 image copyright Getty Images photo comment, Former CEO of FTX, Sam Bankman Fried The collapsed cryptocurrency exchange, FTX, has identified assets worth more than $5 billion (£4.1 billion), according to the firm’s lawyer. However, the US Bankruptcy Court was informed on Wednesday that the extent of the clients’ … Read more

The name is dead! FTX has revoked its long-term naming contract for the Miami Heat’s stadium.

The effects of the collapse of FTX That continues indefinitely, with the state of Florida recently deciding to revoke the naming rights to the stadium from where it originally belonged. FTX To return to the ownership of the Miami Heat stadium on Wednesday. By this news was released. Following FTX’s ruling at the Delaware Bankruptcy … Read more

Bankrupt crypto exchange FTX has overtaken $ 5 billion | Economy

The bankrupt crypto exchange FTX has uncovered about $ 5 billion (4.64 billion euros) in cash, crypto currency and other securities. A lawyer for the crypto exchange said this to a judge on Wednesday. The crypto exchange went bankrupt in November. US prosecutors accuse founder Sam Bankman-Fried of committing “massive, years-long fraud”. That potential fraud … Read more

Cryptocurrency exchange Coinbase to cut a fifth of jobs

Coinbase said the move will result in additional costs of $149 million to $163 million (CZK 3.3 to 3.6 billion) in the first quarter. The layoffs, along with other restructuring measures, will reduce the company’s operating costs by 25 percent in the three months to the end of March, according to a new report to … Read more

Fear of new bankruptcy in crypto money: The earthquake created by FTX continues

The bankruptcy of the crypto money platform FTX and investment company Alameda Research, founded by Sam Bankman-Fried, marked the year 2022. Bankman-Fried has been arrested and his case has begun, but the effects of the earthquake created by the bankruptcies are still very much felt in the cryptocurrency ecosystem. Finally, yesterday, California-based cryptocurrency bank Silvergate … Read more

Cryptocurrencies: Founder of FTX pleads not guilty – Economy

The 30-year-old businessman, released on bail, testified this Tuesday in federal court in Manhattan before Judge Lewis Kaplan. During the hearing, the trader and businessman remained silent, letting his lawyer, Mark Cohen, speak. The strategy differs from that of Gary Wang, the former director of FTX, who pleaded guilty last month and is collaborating with … Read more